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New York equities: Dow moderately positive – tech stocks collapse after the previous day’s rally

Thursday, 12/16/2021 8:32 PM from

dpa-AFX

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Times Square in New York. The city is the most important financial center in the USA. pixabay.com

NEW YORK (dpa-AFX) – Der Dow Jones Industrial only slightly increased its midweek gains on Thursday. The US benchmark index rose 0.15 percent to 35,980.16 points. The S&P 500 but gave way by 0.65 percent to 4679.38 points.

The technology-driven Nasdaq 100 had to pay tribute to his rally the previous day and even dropped by 2.47 percent to 15,887.79 points. He lost a large part of the profits he had made after the announcement of the monetary policy decisions of the US Federal Reserve (Fed) in the middle of the week.

On Wednesday, technology stocks in particular reacted with significant gains to the interest rate decision and the accompanying statements by the US Federal Reserve (Fed). “The Fed is stepping up the pace and will probably raise the key rate three times in the coming year,” wrote chief economist Cyrus de la Rubia of the Hamburg Commercial Bank. In the market it was said that the monetary authorities were only fulfilling expectations and providing more clarity.

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